Franklin Templeton makes triple iNED appointment to board
Former CEO of FundQuest among hires
Franklin Templeton Fund Management has recruited Antony John, Henrietta Jowitt and David Brigstocke as independent non-executive directors (iNEDs) to its board, superseding the Financial Conduct Authority (FCA)'s minimum requirement of two iNEDs on fund boards by September 2019.
FTFML's three new iNEDs will join five executive directors and will use their collective experience to contribute to key areas of the business. The board is chaired by the FTFML UK CEO Martyn Gilbey.
Antony John is currently one of the four principals of Ilex Associates and has previously held roles across a number of asset management and investment companies, including the role of CEO of The ECU Group, CEO of FundQuest and executive vice president at Lombard Odier.
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David Brigstocke has worked at J.P. Morgan Asset Management for 14 years in roles such as global CFO, chief administrative officer and chairman of the J.P. Morgan International Bank based in London. Having left the company in 2016, Brigstocke has spent the time in between working in a number of consulting roles in both London and New York.
Henrietta Jowitt, deputy director general at the Confederation of British Industry (CBI), has been leading a commercial team and currently serves on the CBI executive committee. Jowitt has 30 years' experience in the development and implementation of marketing, management and business strategies.
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Gilbey commented: "We are delighted to appoint three highly experienced directors to our board. Henrietta, Antony and David bring complementary skill sets covering core business areas which will be instrumental in meeting our regulatory requirement and continuing to fulfil our fiduciary duty to our clients as we evolve our offering to deliver solutions which are aligned with the needs of investors.
"By appointing three new iNEDs to our board, we have chosen to go beyond the minimum requirements of the regulator in the Asset Management Market Study. As asset managers continue to come under scrutiny to demonstrate value for money to the industry, we believe that a more diverse range of opinions and decision-makers is crucial to create better outcomes for investors over the long-term."
